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Christine Lagarde convicted: IMF head found guilty of criminal charges over massive government payout

International Monetary Fund chief Christine Lagarde has been convicted over her role in a controversial €400m (£355m) payment to a businessman. French judges found Ms Lagarde guilty of negligence for failing to challenge the state arbitration payout to the friend of former French President Nicolas Sarkozy. The 60-year-old, following a week-long trial in Paris, was not given any sentence and will not be punished.